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MicroStrategy claims it can survive Bitcoin crash to $8,000
There seems to be no stop for MicroStrategy's Bitcoin (BTC) shopping. Every week, there is at least one purchase. In fact, at press time, MicroStrategy, now better known as Strategy (NASDAQ: MSTR), has 714,644 Bitcoin in its coffers. That is 3.4% of the total 21 million Bitcoin supply. But with great Bitcoin exposure comes great risks. During its fourth quarter earnings call, the company addressed the ongoing cryptocurrency market downtrends. At that time, Bitcoin prices had crashed to new lows. Crypto-heavy companies like Strategy could see the valuation of their assets drop below their purchase rates. CEO Phong Le ... (full story)